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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 10, 1980
Page
6
Market prices mixed putting yields on short term government securities at their lowest levels in more than two years. The decline is considered positive in many respects for the stock market, particularly since it has steadily reduced the appeal of interest bearing investments that compete with stocks for investors funds.
Katie Wilmoth of 112 Union St starts a home gift shop to fill last minute needs in LaGrange. KD’s Gift Shoppe offers handmade items from local artisans on consignment. The store operates with solo management and extended hours Monday through Saturday.
Washington based UPI reports Census Bureau figures show new single family home sales collapsed 21 percent in April to a seasonally adjusted annual rate of 364,000, with 37,000 units sold. The median price stood at 64,000, marking one of the worst months on record as high interest rates curb activity while analysts expect a slow recovery if rates fall.
Michigan officials urge another $210 million loan from the U S Labor Department to prevent insolvency of the state unemployment fund as jobless claims drain $6.5 million daily. Governor Milliken and MESC warn the auto downturn and national slump push Michigan toward record borrowing this year.
Toyota warns a new 25 percent duty on imported mini pick ups will push prices up by 800 and could force a shutdown at its Long Beach California plant where 450 workers are employed. Norman Lean says US truck sales may fall about 40 percent, prompting possible plant closure if demand remains weak.
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